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dc.contributor.authorDascher, Kristofen_US
dc.date.accessioned2010-03-19en_US
dc.date.accessioned2011-07-11T10:08:22Z-
dc.date.available2011-07-11T10:08:22Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/47892-
dc.description.abstractThis paper argues that homeowners, if sufficiently influential, may attempt to manipulate housing prices. The paper presents an instance of, and sets out the political economy behind, one particular homeowner-made housing price bubble (in East Germany). Yet ultimately the paper suggests that homeowners may be responsible for housing price bubbles elsewhere, too. Namely, US homeowners may be the single driving force behind the latest US housing price boom that preceded the current real estate, and financial, crisis.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of International Economic Policy Freiburgen_US
dc.relation.ispartofseriesDiscussion paper series // University of Freiburg, Department of International Economic Policy 11en_US
dc.subject.jelR21en_US
dc.subject.jelH73en_US
dc.subject.jelD61en_US
dc.subject.ddc330en_US
dc.subject.keywordHomeowner Majorityen_US
dc.subject.keywordRent Persistenceen_US
dc.subject.keywordRatchet Effecten_US
dc.subject.keywordPolicy Reformen_US
dc.subject.stwWohnimmobilienen_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwBubblesen_US
dc.subject.stwManipulationen_US
dc.subject.stwWohneigentumen_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwNeue Bundesländeren_US
dc.titleHomeowner-made housing price bubbles: East Germany's exampleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn621615668en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:iep Discussion Paper Series, Department of International Economic Policy, Universität Freiburg

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